Many people know the importance of making a Will but, whilst a Will directs how your affairs are to be handled following deat
The continuous rise in the State Pension age is having a significant impact on people having to work longer.
inflation reached its lowest rate since 2016, falling to 1.7% in August, which suggests that interest rates are unlikely to rise in the near future. This is lower than the expected rate of 1.9% and the Bank of England’s 2% target.
What is a Trust? A Trust is a legal structure that can manage all forms of assets for people.
With the pension reforms, accessing benefits flexibly has been one method that retirees are using to assist their children, although careful consideration should be given to ensure you have sufficient assets remaining for your own needs, especially if long term care could be an issue in the future. This method could also give rise to a tax liability depending on the amount withdrawn.
When the advisers surveyed were asked the minimum amount of assets required to make it viable to take on a client, only 16% said they would take on a client with less than £100,000, down from half of advisers in 2014. In reality, this means around one third of advisers have left the sub £100,000 client market in just five years.
Although Brexit is still not finalised and we have experienced some volatility as a result of the uncertainty, the UK stock market is currently yielding over 4% per annum, an absolute level of yield rarely seen outside of recessions and historically predicts a ten year boom! This suggests that much of the gloom surrounding no-deal is already reflected in share prices.
Report shows that for the over-65s, the total value of debt held amounted to £91billion in 2019, compared to £86billion in 2018
f the total assets invested in US Mutual funds, 40% is invested in passive funds, up from 37.4% a year ago.
Annuity rates are on the route to their lowest level in three years with average income arranged on a standard basis having fallen by 5.5% since the beginning of the year.